Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	20,350	$7.639M	7.6%	$51.56	+685.6%	—	594918104
PAAS	PAN AMERN SILVER CORP F	192,189	$4.964M	5.0%	$14.39	+66.2%	—	697900108
—	PETROLEO BRASILEIRO F SPONSORE	341,712	$4.9M	4.9%	$10.23	—	—	71654v408
—	ANGLOGOLD ASHANTI PLC F	125,448	$4.657M	4.6%	$26.63	—	—	g0378l100
—	BANCO BILBAO VIZCAYA A F SPONS	312,840	$4.261M	4.3%	$7.57	—	—	05946k101
—	M & T BANK CORP	22,853	$4.085M	4.1%	$161.94	—	—	55261f104
—	ISHARES SILVER TRUST ETF	125,676	$3.895M	3.9%	$14.63	—	—	46428q109
NEM	NEWMONT CORP	79,238	$3.826M	3.8%	$25.69	+68.4%	—	651639106
—	RANGE RESOURCES CORP	94,723	$3.782M	3.8%	$19.62	—	—	75281a109
TPC	TUTOR PERINI CORP	125,379	$2.906M	2.9%	$10.74	+129.6%	—	901109108
BKH	BLACK HILLS CORP	43,829	$2.658M	2.7%	$47.89	+17.9%	—	092113109
AMGN	AMGEN INC.	8,490	$2.645M	2.6%	$144.43	+98.9%	—	031162100
HL	HECLA MINING CO	455,691	$2.534M	2.5%	$3.44	+61.2%	—	422704106
—	NUTRIEN LTD F	50,552	$2.511M	2.5%	$48.63	—	—	67077m108
—	BUNGE GLOBAL SA F	28,962	$2.213M	2.2%	$96.64	—	—	h11356104
—	LAZARD INC	51,052	$2.211M	2.2%	$50.38	—	—	52110m109
NWE	NORTHWESTERN ENERGY GROUP INC	37,393	$2.164M	2.2%	$52.06	0.0%	—	668074305
CX	CEMEX SAB DE C V F SPONSORED A	364,901	$2.047M	2.0%	$5.53	—	—	151290889
HE	HAWAIIAN ELECTRIC INDUSTRIES	182,120	$1.994M	2.0%	$10.10	0.0%	—	419870100
NOK	NOKIA OYJ F SPONSORED ADR 1 AD	368,982	$1.945M	1.9%	$4.88	—	—	654902204
—	INTERNATIONAL SEAWAYS INC F	57,553	$1.911M	1.9%	$14.91	—	—	y41053102
—	TELEFONICA BRASIL S. F SPONSOR	214,866	$1.874M	1.9%	$8.79	—	—	87936r205
—	DOLE PLC F	123,662	$1.787M	1.8%	$13.07	—	—	g27907107
SJT	SAN JUAN BASIN ROYAL ROYALTY T	320,329	$1.771M	1.8%	$4.21	—	—	798241105
ALK	ALASKA AIR GROUP INC	35,483	$1.746M	1.7%	$37.94	+73.0%	—	011659109
FLR	FLUOR CORP	48,292	$1.73M	1.7%	$38.73	+11.5%	—	343412102
INVX	INNOVEX INTERNATIONAL INC	86,770	$1.558M	1.6%	$16.05	+5.8%	—	457651107
INTC	INTEL CORP	68,329	$1.552M	1.5%	$35.48	-38.3%	—	458140100
AAPL	APPLE INC	6,061	$1.346M	1.3%	$103.72	+122.5%	—	037833100
AA	ALCOA CORP	37,092	$1.131M	1.1%	$23.61	+46.6%	—	013872106
HTLD	HEARTLAND EXPRESS	108,325	$999K	1.0%	$17.34	-38.9%	—	422347104
MCD	MCDONALDS CORP	3,188	$996K	1.0%	$136.64	+114.3%	—	580135101
—	BERKSHIRE HATHAWAY INC DCLASS	1	$798K	0.8%	$4700.00	—	—	084990175
SWBI	SMITH & WESSON BRANDS IN	78,868	$735K	0.7%	$13.16	-21.7%	—	831754106
—	VANGUARD INFORMATION TECHNOLOG	1,114	$648K	0.6%	$502.00	—	—	92204a702
PG	PROCTER & GAMBLE	3,570	$608K	0.6%	$67.87	+141.6%	—	742718109
JNJ	JOHNSON & JOHNSON	3,581	$594K	0.6%	$113.37	+34.5%	—	478160104
PEP	PEPSICO INC	3,727	$559K	0.6%	$89.25	+60.8%	—	713448108
—	ABBVIE INC	2,599	$545K	0.5%	$101.45	—	—	00287y109
BKUTK	BANK OF UTICA N Y	1,000	$473K	0.5%	$267.19	+69.0%	—	065437204
DIS	WALT DISNEY CO	4,462	$468K	0.5%	$96.25	+10.4%	—	254687106
—	SPDR GOLD SHARES ETF	1,620	$467K	0.5%	$120.33	—	—	78463v107
—	UNITEDHEALTH GROUP INC	877	$459K	0.5%	$220.46	—	—	91324p102
—	MERCK & CO. INC.	5,100	$458K	0.5%	$54.79	—	—	58933y105
AMZN	AMAZON.COM INC	2,329	$443K	0.4%	$124.05	+74.9%	—	023135106
SCHX	SCHWAB US LARGE CAP ETF	19,825	$438K	0.4%	$38.77	—	—	808524201
CVX	CHEVRON CORP	2,452	$410K	0.4%	$80.94	+85.9%	—	166764100
—	ORACLE CORP	2,586	$361K	0.4%	$81.87	—	—	68389x105
SYY	SYSCO CORP	4,781	$359K	0.4%	$49.25	+44.8%	—	871829107
ABT	ABBOTT LABORATORIES	2,689	$357K	0.4%	$96.66	+29.8%	—	002824100
BRT	BRT APARTMENTS CORP	17,500	$297K	0.3%	$7.00	—	—	055645303
IAU	ISHARES GOLD ETF	5,025	$296K	0.3%	$41.99	—	—	464285204
—	EXXON MOBIL CORP	2,310	$275K	0.3%	$59.54	—	—	30231g102
—	ANTERO RESOURCES COR	6,760	$273K	0.3%	$40.38	—	—	03674x106
CVS	CVS HEALTH CORP	3,965	$269K	0.3%	$54.56	+6.3%	—	126650100
—	CHENIERE ENERGY INC	1,140	$264K	0.3%	$179.82	—	—	16411r208
—	J P MORGAN CHASE & CO	1,061	$260K	0.3%	$200.75	—	—	46625h100
BRK/B	BERKSHIRE HATHAWAY INC CL B	480	$256K	0.3%	$442.18	+9.9%	—	084670702
—	CISCO SYSTEMS INC	4,087	$252K	0.3%	$53.34	—	—	17275r102
—	SPDR S&P MIDCAP 400 ETF	470	$251K	0.3%	$442.55	—	—	78467y107
VUG	VANGUARD GROWTH INDEX FUND ETF	609	$250K	0.2%	$344.83	—	—	922908736
—	AMERISERV FINL	100,000	$243K	0.2%	$4.15	—	—	03074a102
IBM	IBM CORP	945	$235K	0.2%	$188.97	+26.7%	—	459200101
—	NVIDIA CORP	2,107	$228K	0.2%	$201.12	—	—	67066g104
BA	BOEING CO	1,312	$224K	0.2%	$163.57	+5.8%	—	097023105
COMP	COMPASS INC	25,089	$219K	0.2%	$7.92	0.0%	—	20464U100
SCHF	SCHWAB INTERNATIONAL EQUITY ET	10,969	$217K	0.2%	$29.37	—	—	808524805
—	WALGREENS BOOTS ALLI	20,378	$209K	0.2%	$37.86	—	—	931427108
—	TOTALENERGIES SE	3,188	$206K	0.2%	$49.67	—	—	89151e109
—	ENEL CHILE S A F SPONSORED ADR	12,235	$40,000	0.0%	$2.89	—	—	29278d105